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ASX Top 200 Stocks Down Under 15 November 2021: Northern Star, Boral, Zip Co
Northern Star: Lighting up a golden sky
In today’s edition of ASX Top 200 Stocks Down Under, when we last wrote about Northern Star Resources on 14 August 2020 the stock of this gold miner was riding high, at above $14 a share off the back of a strong gold price. We only called it three stars because we were worried about what the hedge book would do to future shareholder value if the gold price continued to increase. Since then, gold has eased back, but the company has merged with Saracen to create a globally significant gold mining company and the future outlook, including the hedge book, is looking good. As of
today, we’re upgrading Northern Star to four stars.
Also in today’s edition, a look at construction material supplier Boral (ASX: BLD) and Buy Now Pay Later Zip Co (ASX: Z1P).
Click here to read the previous edition of ASX Top 200 Stocks Down Under published 7 November 2021